I received a Ph. D. in economics from The University of Chicago in 1987, under the guidance of Lars Peter Hansen and Jose Scheinkman (Rochester economics Ph. D. and Lionel McKenzie student!). Since that time, I have held academic appointments at a number of institutions, including Stanford University, Northwestern University, The University of Iowa, and the University of Minnesota. I have been a Fellow of the Econometric Society since 2005.
My past research includes theoretical and empirical contributions to many fields in economics, including the economics of money and payments, business cycles, financial economics, public finance, and dynamic games/contracts. My current research is on monetary policy. See my Google Scholar page for more information.
During my career, I've had the opportunity to teach a wide range of economics/finance courses (including, among others, macroeconomics, econometrics, and investments) at the undergraduate and graduate levels. In Spring 2019, I'm teaching Economics 211 (money, credit, and banking) to undergrads, Economics 476 (macroeconomics) to first-year Ph. D. students, and Economics 530 (macroeconomics) to advanced Ph. D. students.
I was the President and CEO of the Federal Reserve Bank of Minneapolis from 2009-2015. As part of my responsibilities in that position, I served on the Federal Open Market Committee (FOMC), the monetary policymaking arm of the Federal Reserve System. My willingness to change my policy stance in response to evidence led to my being named one of the top 12 Global Thinkers for 2012 by Foreign Policy magazine. Since leaving the Fed, I've continued to write and speak on economic policy issues.